MARKET TRENDS

FinMin: State monopoly is not the answer in competitive sectors

FinMin: State monopoly is not the answer in competitive sectors

Finance Minister Harris Georgiades has said that state monopolies are not the answer when it comes to competitive sectors. Replying to journalists’ questions at the Ministry, on Friday, Georgiades [...]

House prices dropped by 8% between 2010-2018

Cyprus is among the few countries in the EU where house prices fell between 2010 and 2018, a new Eurostat report published on Wednesday said. The largest decreases among member states were observed i [...]

Steps taken to attract tourists from new markets in Cyprus

Savvas Perdios, Tourism Deputy Minister has said that 2019 and 2020 are expected to be difficult years for tourism, among other reasons, because of the uncertainty surrounding Brexit, adding that ste [...]

Government strikes new deal with Noble over Aphrodite gas

Energy Minister Giorgos Lakkotrypis: a good deal under the circumstances Cyprus has struck a production-sharing deal for the Aphrodite gas reservoir worth over $9bn (€7.9bn) over 18 years with Nobl [...]

Cyprus’ MEPs pledge to work for national problem

Cyprus’ six newly-elected Members of the European Parliament pledged to work to promote the national problem and the issues facing the people on the island. Speaking to reporters before his official [...]

Foreign Minister: Developments expected regarding energy program

Foreign Minister Nikos Christodoulides said on Thursday that developments should be expected in the next few days, concerning the energy program of the Republic of Cyprus. Speaking on Wednesday, on [...]

Commission repeats warning on Turkey over Cyprus' EEZ

European External Action Service (EEAS) and European Commission (EC) Spokesperson Maja Kocijiancic refrained today form speculating on the form the EU`s appropriate response could take, concering Tur [...]

Brexit extension to affect prices of holiday packages

Deputy Minister for Tourism Savvas Perdios expects prices of travel packages from the UK to Cyprus that have plummeted already by 10% - 15% this year, to drop even further in 2020, as a result of the [...]

Big energy sector players in Cyprus

Since Monday, Ministry of Energy officials began long and hard negotiations with high-level delegations from Total and Eni. The talks focus on two aspects – the first concerning the final terms of t [...]

House releases funds for tougher checks on passport buyers

The House finance committee on Monday released €1.4m that will be used to hire a specialised firm to carry out enhanced due diligence on people who apply for Cypriot citizenship as part of the islan [...]

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